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Local authorities in Brașov County announced on Wednesday, August 20, the signing of the Partnership Agreement for the preparation and implementation of the “Brașov Metropolitan Train” project. The project aims to connect the country’s youngest airport to the national railway network. The initiative comes after an agreement between the Brașov County Council, the Brașov municipality,…

Netherlands-based photographer Ilona Schong has been named the People Photographer of the Year in the non-professional category at this year’s International Photography Awards (IPA) for her series documenting life inside traditional Romanian homes. In her series, titled Inside Romania, she captures Romanian villagers in their still-traditional households. “Welcomed with warmth and generosity, she witnessed moments…

Romanian president Nicușor Dan confirmed on August 20 that he is likely to pay an official visit to the United States early next year, provided preparations proceed as planned.  A few days ago, foreign minister Oana Țoiu said that president Dan is expected to visit the United States and meet with president Donald Trump in the…

European allies are pressing the United States to deploy F-35 fighter jets to Romania as part of future security guarantees for Ukraine, The Times reported, citing discussions among senior military officials. Romanian outlet Hotnews.ro also confirmed the scenario is under consideration. The move would place advanced US aircraft at NATO’s largest air base in Europe,…

Romanian croissant producer Derpan SA has raised EUR 2 million through a private bond placement brokered by brokerage house Goldring SA, the company announced on August 20. The secured, euro-denominated bonds mature in 2030 and carry an annual coupon of 11%, Ziarul Financiar reported.  The issue, initially planned at EUR 1.8 million, was increased to…

Romanian banks’ aggregated profit (EUR 752 million) and profitability ratios in Q2 remained around those seen in Q1, meaning slightly below the performance in the same period last year, according to data published by the National Bank of Romania (BNR). The non-performing loans (NPL) ratio, however, rose slightly to 2.8% at the end of June,…

The Foreign Direct Investment Review Commission (CEISD) confirmed on August 20 that it had decided not to approve the transaction by which Hungarian state-owned MVM intends to acquire the gas and electricity supply division of E.ON Energie Romania.  “Following the conclusions resulting from the detailed research procedure, CEISD decided to submit to the Supreme Council…

Deputy prime minister Tanczos Barna stated on August 20, speaking for Digi24, that following the public administration reform included in the second package of fiscal measures, 40,000 positions in local and central administration will be abolished. The figure is not included in the substantiation note published by the Development Ministry along with the bill on…

The construction works volume index increased by 2.8% y/y and by 1.4% q/q in seasonally-adjusted terms in Q2, according to data published by the statistics office INS. In Q1, the index rose by 10.6% y/y on low base effects after unusually weak performance in January-February 2024. In 2024, the construction activity eased by 5.9% y/y…

The largest classical music event in the country begins in Bucharest, where a celebration of dance is also scheduled downtown. Meanwhile, indie spirit is in focus at a festival in the village of Hosman, and the Histories and Film Festival in Râșnov is wrapping up this weekend. In Bucharest: George Enescu International Festival August 24…